
205 Gardner Rd Brookline — Photo 1 of 41
$2,250,000
Investment Analysis — 205 Gardner Rd
Brookline, MA 02445
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02445 carries an estimated $5,240/mo in gross rent — about a 1.09% cap rate and $24,452/yr in estimated NOI at the $2,250,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
4,102
Style
Single Family
Built
1935
Attention end users, renovators and developers—an exceptional opportunity to create a custom home in a Brookline’s premier Aspinwall Hill neighborhood surrounded by many $4M+ properties. Set on a beautifully landscaped 11,217 sq. ft. (.26-acre) lot on a desirable tree-lined street, this property offers multiple possibilities: renovate and reimagine the existing home, expand to create additional living space, or explore redevelopment opportunities.The existing split-level residence offers approximately 4,102 sq. ft. on two levels, including an oversized 751 sq. ft. two-car garage. The 2,099 sq. ft. main level features a kitchen, open family and dining room with fireplace and sliding doors to the terrace and backyard, four bedrooms and two full and one half baths, including a primary bedroom with ensuite bath. The existing layout offers excellent potential to create a large open-concept kitchen, dining and family room with a direct connection to the terrace and gardens.The approximately 2,003 sq. ft. lower level, including the garage, provides substantial additional space with two flexible rooms suitable for offices or other uses, a playroom/home theater, half bath, laundry, utility room and direct garage access.For end users, this is an opportunity to work with your own architect, designer and builder to transform the existing home and customize it to your needs while entering an established Brookline neighborhood at a lower price point. For developers and builders, the lot, existing square footage and surrounding property values offer compelling upside through renovation, expansion or potential redevelopment. Additional possibilities may include expansion of the existing home and/or an ADU, subject to applicable zoning, permitting and Town approvals.A flexible property with multiple paths forward in a highly desirable Brookline neighborhood convenient to Washington Square, Coolidge Corner, schools, parks, shopping, public transportation (C & D lines), and Boston.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 4,102 sq ft principal dwelling). Lot size: 11,217 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Ingvild Brown
Listing Office: Keller Williams Realty
MLS® Number: 73577381